Breaking News Archives

Sam Bankman-Fried: “FTX US is solvent and always has been.”

In his new post, SBF found inconsistencies in documents filed by the law firm Sullivan & Cromwell (S&C) to a Delaware court alleging that FTX US is insolvent. S&C somehow failed to include $428 million of assets in FTX US bank accounts in the report. As a result, SBF concluded that FTX had hundreds of millions of dollars in excess of what the exchange needed to pay its obligations to users. Just return the money, Sam!

18 Jan 2023

National Geographic launches its first NFT collection on Polygon

A collaboration between the legendary magazine and NFT marketplace Snowcrash dubbed “GM: Daybreak Around the World” consists of pictures of sunrises. They were authored by 16 photographers and digital artists. The limited edition collection features 1,888 NFTs – 16 images in 118 editions. Why 1,888? “It’s a nod to Nat Geo’s birth year.” The NFTs will cost 215 MATIC and will be sold via blind mint: users will only be able to see their NFTs after purchase. According to the creators, this approach will ensure fairness and enjoyable surprises.

18 Jan 2023

Waves DEX users surprised to be unable to withdraw funds

Although the Waves blockchain explorer shows that transactions in USDT and USDC are in order, Twitter users are complaining en masse about the inability to withdraw stablecoins. All funds from the exchange bridge wallet were transferred to an unknown destination. The balance of the wallet is $144, although there should be over $40 million in USDC and USDT. The exchange representatives have not provided any official comments yet

17 Jan 2023

Twitter’s “$Cashtags” feature has been expanded with another 30 c

The app now displays an up-to-date price chart for nearly all of the Top 50 cryptocurrencies by market cap. However, for some reason, not all are yet visible. Among those displayed are Tether (USDT), XRP (XRP), Binance USD (BUSD), Cardano (ADA), Solana (SOL), Avalanche (AVAX), Dogecoin (DOGE), Shiba Inu (SHIB), Polygon (MATIC), Litecoin (LTC), Dai (DAI) and Uniswap (UNI). Among the losers are Polkadot (DOT), Tron (TRX), BNB (BNB), and USD Coin (USDC). Conspiracy theorists and insiders are welcome to comment. TradingView and Robinhood services are likely to have been involved in the implementation. However, none of these potential Twitter partners have officially confirmed the collaboration.

16 Jan 2023

Red Bull launched a new art project with NFT prizes

Those interested in participating should create their own “doodle” (a black-and-white sketch on paper or digitally) and upload it to the project website. Each artist who submitted a work will receive their drawing in NFT format. Each of the 60 participating countries will have one winner. The contest’s finals in Amsterdam will feature their doodles tokenized and presented in NFT format.

16 Jan 2023

U.S. inflation has slowed down again!

The US Consumer Price Index (CPI), which measures the inflation rate, was released today. The index decreased by 0.6% over the month and now stands at 6.5%. We covered the CPI in detail in this article. According to the release, the actual values correspond to the predicted figures. This means that inflation is sinking at the expected rate and investors are gradually returning to the market. Bitcoin is up 3% today, hitting $18,000 for the first time since Dec. 14

12 Jan 2023

Guys, do you need some weight loss tips after the holiday binge?

The new eKinekt Bike Desk turns kinetic energy from cycling into an electrical charge. This technological wonder has two USB Type-A ports and one USB Type-C port for charging laptops or phones. In addition, the mobile app keeps track of energy generated and calories burned. Acer’s training machine is meant to empower a healthy lifestyle. We guess in Ukraine, many people would prefer cycling rather than jogging to the nearest Point of Invincibility to charge their devices. The retail price is $1,000. Unfortunately, for now, it is available in the U.S., Canada, and Taiwan only.

09 Jan 2023

BMW will use BNB Chain for its loyalty program

According to the press release, BMW is going to use blockchain technology to reduce paperwork and integrate a loyalty program in Thailand. BMW has chosen the Coinweb platform as a provider of decentralized infrastructure and the BNB Chain blockchain for transactions. Through the new loyalty program, BMW customers will be able to receive blockchain rewards for purchases and completing various tasks. Users will be able to exchange tokens for BMW and third-party companies products and services. Token transactions will take place on the BNB Chain.

29 Dec 2022

Alameda was caught swapping tokens for ETH and BTC!

Almost immediately after Bankman-Fried was released on a $250 million bail, wallet activity started. Additionally, there are persistent online rumors that he is currently not in his parents’ home wearing an electronic bracelet on his leg but rather somewhere in the Alameda office. The public came to the conclusion that Curly-haired Sam was preparing a daring escape and gathering the cryptocurrency to bribe the regulators. Furthermore, similar emptying of the company’s wallets was observed when Terra CEO Do Kwon vanished (by the way, where is Do Kwon now?) And here’s a rhetorical question: why did the regulators seize FTX accounts but not Alameda’s? Everyone can see that these two businesses are related because the same person managed (or, to be more precise, damaged) both of them.

28 Dec 2022

? MicroStrategy sold BTC for the first time in its history!

Since MS started investing in cryptocurrency, this is the first bitcoin sale. According to a report filed with the SEC, the company liquidated 704 BTC worth about $11.8 million on December 22. The document states: “MicroStrategy plans to carry forward capital losses resulting from this transaction against prior capital gains to the extent such carryforwards are available under applicable federal income tax laws.” Additionally, between November 1 and December 21, 2022, MicroStrategy bought another 2,395 BTC at an average price of $17,871, according to the report.

28 Dec 2022

Bitcoin has never been this weak!

RSI reached its all-time low (38.56). The good news is that after the previous minimum was renewed, a new one always follows shortly after. Who is your bet on in the upcoming year? Bulls or Bears? Read more about RSI on our website.

23 Dec 2022

The Ukrainian Robin Hood is stealing from Russian cybercriminals!

Alex Holden, a hacker from Ukraine, has a singular gift for tracking down “bad russian guys” on the Internet. This week, he stole $25,000 in BTC from the russian dark web marketplace dubbed Solaris, and transferred the money to Kyiv charitable foundation “Enjoying Life”.

23 Dec 2022

Sam Bankman-Fried released on bail!

Sam had previously claimed that he was left with only $100,000. Even assuming that Sam lied a little, and he did have some mad money under his pillow, his parents had to mortgage their home to satisfy the bail requirements. By the way, that’s the home where Sam is going to live. Hopefully, Sam will manage this tough task, and won’t get pulled over for drunk driving in the coming months.

22 Dec 2022

Sam arrived at an American prison to serve his sentence

Curly-haired Sam, the former “future Rockefeller” and CEO of the bankrupt FTX exchange, has been extradited to the US from The Bahamas However, for Sam, things got much worse as two of his main accomplices, Caroline Ellison and Gary Wang, began to testify to the feds. Due to the fact that sentences can be reduced for substantial assistance in the investigation, hopeless fraudsters decided to take advantage of this.

22 Dec 2022

Opinion

Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers

Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.

Peter Tuchman: Einstein of Wall Street and His Trading Tips

Marc Andreessen — Visionary Behind Silicon Valley’s Iconic Firm

Investigation

Zora Network Reviewed: A Testnet Guide

Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.

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